HomeMy WebLinkAbout1933 . i ~ ' .
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since said date (trsated as one aooount~ng period) ; Pm4ided, .
however, that there ehall be e=alnded in making the csloul~?tions .
aforesaid so mnah of the aggregate o! espeaditures, inaluding
~ the reasonable valne oi prnperty or seanrities, made by t1?e Com ,
pany for tLe redemption or purnLase of its aapitel atock aa does -
+ not ezceed the aggregats af all amoante, inolnding tLe r~sonsble
valne of property or seanrities, received by it through the
disposal eince i5epteml~er 30, 1949 0! sdditional capital stoak.
Net inoome ahall be compnted in ac~oorda~na~e with good aaooun~ "
ing praetiae and in sooordance ~vith the la~ve of tLe $tate oi .
. Florida. In compnting net ineome, capital gaina snd capital
' ~ losses as those terms are used in the Intarnal Bevenne Code st
i the time applic~ble ahall be disregarded or eliminsted as shall
° any income tases paid or peyable on any capital gaine."
, ~BTICLE I~.
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' ~oaeL P~oviamae.
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; ~og 12. Tlie Orig'inal Indentnre as heretofore anpplennented; ~ _
~ and modified ia in all respeata ratified and aon8rmed by thia Eleveath
Bapplemental Indentare, and all the prnvisions herein aontsined shaII ~
~ be deemed psrt of the Orig'inal Indentnre in the manner and to the
eztent herein providea. . , -
~ I os 13. Wherever re#ereace ia herein in tLis IIeventh le-
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~ mental Indenture made to s Bection or Artiate oi the Original Inde~ `
` tnre and ench Seetioa or Article h~e beea amendetl by any ane or
. ~ more sappl~mental indentar8a, then snch reference ahall be to s~roh
' 1~eation or ~rtiale as so amend~d. -
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~ ~ ~os l~k The Company covenanta that it is lawtully seised and
possessed oi tbe prnperty deseribed in tbe granting al$asea ot tbis
. • Eleventh 8upplemental Indentnre a~?d tbat it aill ~varreat and cle-
fend tbe titte to said pmperty to ~?e Trast~eea for the eqnel pro rata ~
beneSt of the holders ot all bonds at any time aatetnnding ~nder this
Indentnre ag~?inst the alaima and demande o! all persona whateoever.'~~,.._
Swrioz 15. For any detsnlt by the Company in the ~oven~ate,~••:,,
- ~ atiptilstiona, promi~es and agreementa oontained ~ in this , F18vea~h ~ ~ ~ ~ .
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~upplementel Indenture, or in any previoua sapplemental~dedQ~are,
R ~ the Trustees and the bondholdess shsll 2tave the ea~?e ,t.,t~g"
hta 8nd y`_'.: a:r .
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F ' . ' ~Q~x 91 _
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